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Version status: Revoked | Document consolidation status: Updated to reflect all known changes
Version date: 1 January 2016 - onwards
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Regulation 22

Revoked from 1 January 2016

(1) [deleted]

(2) In a case referred to in subarticle (1) of this Article, the Bank may also restrict or prohibit the free disposal of the assets of the undertaking, and the undertaking shall comply with any directions of the Bank in this regard.

(3) The Bank may, when it considers it necessary to do so in order to safeguard the interests of persons insured by an undertaking to which subarticle (1) of this Article applies, give a direction to the undertaking -

(i) to suspend the taking on of new business,

(ii) to furnish deposits,

(iii) to furnish information to the Bank, or

(iv) to take such further measures as may be specified in the direction,

and the undertaking shall comply with the direction.

(4) Where the supervisory authority of another member State requests the Bank to take the measures mentioned in subarticle (2) of this Article in relation to a branch or agency in the State of an undertaking with its head office in that other State, the Bank shall comply with the reques

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